Techno Electric Faces Sustained Bearish Trend Amid Significant Stock Volatility

Jan 28 2025 09:45 AM IST
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Techno Electric & Engineering Company has faced notable stock volatility, declining for six consecutive days and experiencing a significant drop over the past month. The stock is currently trading below multiple moving averages, reflecting ongoing challenges in the capital goods sector amid a broader market downturn.
Techno Electric & Engineering Company, a midcap player in the capital goods sector, has experienced significant volatility in its stock performance. On January 28, 2025, the stock declined by 5.83%, marking a continued downward trend as it has now fallen for six consecutive days, resulting in a total decline of 21.6% over this period.

In today's trading, Techno Electric underperformed its sector by 4.52%, with an intraday low of Rs 1029, reflecting a drop of 5.06% at its lowest point. The stock's performance over the past month has been particularly challenging, with a decrease of 35.18%, compared to a modest decline of 3.81% in the broader Sensex index.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. These performance indicators highlight the challenges faced by Techno Electric & Engineering Company in the current market environment.
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